bank deposit amout reported to the goverment
 

what amount do you have to deposit where the bank has to inform the goverment is it 5k or 10k?

last i heard it was 10k

only if its cash. 10k in cash deposited has to be reported.

10 K

plus anything suspicious $9,990

Better do 2 deposit of 5000 to 2 different banks :winkwink:

one option is to distribute your cash to different accounts or banks

damn gov always looking out for you!

big brother sees all

its 10k per 24 hrs up here. Even if split up into multiple deposits.

:Graucho

In the US, there are two different reports -- Cash Transaction Report -- which is over 10k, and a Suspicious Activity Report - which is over 5k. Just read an article the other day about how banks are flooding the government with SARs out of fear of being accused of doing something wrong by not reporting anything that might be suspicious.

does it matter if it's cash or checks totaling 10k?

Just a heads up bu if they gave you 10k, you are going to get a 1099 so the govt knows about it anyways.

I'm not entirely sure on that one -- cash for sure, cashiers checks I think as well, surely they don't count payroll checks? Sponsor checks I have no idea.

In the US, 10K and over for sure.

Then you have some banks that that will report 4K and above.

Also if you start making a lot of cash Dep's. they will report all of them, don't know what the cash amounts need to be.

Been this way for years and years.
Really depends on the bank.

3K is reported to the state, don't let anyone tell you otherwise :)